Direct labor hours (professional) Direct labor costs (professional) Support staff salaries .. Rent and utilities Supplies ..... Lease payments on computer hardware 17,600 hours $ 2,464,000 $ 210,000 $ 54,000 $ 461,000 67,000 $ GoTrip.com Port Martin Golf Resort 710 hours 25 hours Direct labor hours Software licensing costs Travel costs $ 450 2,600 $ 7,000 $ $ 0 1. Compute Joe & Rose's predetermined indirect cost allocation rate for the current year based on direct labor hours. 2. Compute the total cost of each job. 3. If Joe & Rose wants to earn profits equal to 20% of sales revenue, how much (what total fee) should it charge each of these two clients? 4. Why does Joe & Rose assign costs to jobs? Joe & Rose is an advertising agency. The firm uses a job cost system in which each client is At the beginning of the current year, managing partner Jerald Attica prepared a budget: a different "job." Joe & Rose traces direct labor, software licensing costs, and travel costs E (Click the icon to view the prepared budget.) directly to each job (client). The company allocates indirect costs to jobs based on a predetermined indirect cost allocation rate based on direct labor hours. During January of the current year, Joe & Rose served several clients. Records for two clients appear here: (Click the icon to view the records for two clients.) Read the fequirements CE Requirement 1. Compute Joe & Rose's predetermined indirect cost allocation rate for the current year based on direct labor hours. Compute the predetermined indirect cost allocation rate. Predetermined indirect cost allocation rate per hour